Which of the following statements is NOT correct?

Organised crime finds environmental crime high risk and low reward activity

An example of a strategy to prevent a financial crime is

Increasing the security features of a national currency

Which of the following statements is correct?

Most firearms are produced legally & then diverted into the illicit market

International financial crime has grown because

Technological developments e.g. expansion of Internet

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Topic 1 Introduction to International Financial Crime

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Questions 11

Answers

1
Which of the following statements is NOT correct?
Human trafficking has increased because of people fleeing conflict zones
Enviromental crime includes illegal logging and illegal export of e-waste
Organised crime finds environmental crime high risk and low reward activity
Modern slavery includes trafficking for sexual exploitation
2
Operational Risk is the risk of losses arising from
Human error and mistake
Fraud, hacking and money laundering
All available answers
Faulty controls and management failure
3
The tracing of illicit firearms is complex because the legal and illegal trade in arms are intertwined
False
True
4
An example of a strategy to prevent a financial crime is
Prosecuting persons who counterfeit a national currency
Increasing the security features of a national currency
Spending more resources investigating counterfeiting of a national currency
All available answers
5
Gambling
All available answers
Is highly regulated in jurisdictions such as Australia, Nevada and England
Is illegal in that gambling contracts are not enforceable in a court of law
Is a crime in some but not all countries
6
Which of the following statements is correct?
Most firearms are produced legally & then diverted into the illicit market
The biggest exporter of illicit drugs is the United States of America
The biggest exporter of firearms is Russia
Australia is not a legal producer of opium poppies
7
Requiring banks to know their customer is an example of a strategy to prevent money laundering
True
False
8
Organised crime does not engage in "white collar crimes" such as fraud
True
False
9
Organised crime has the following feature(s)
Functions as a business relying on professionals
Uses extreme violence, corruption & threat of reprisals
All available answers
Operates secretly & is difficult for law enforcement to penetrate
10
It is difficult to combat international drug trafficking because
Demand for illicit drugs in North America and Europe is increasing
All available answers
Countries e.g Afghanistan are highly dependent on illicit drug exports
Drug trafficking is very profitable for organised crime
11
International financial crime has grown because
All available answers
Deglobalisation and growth of trade restrictions
Derisking by bankers of higher risk customers
Technological developments e.g. expansion of Internet

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